Cost of sales increased to $24.9 million from $16.4 million mainly due to higher cost of sales for development properties of $7.6 million.
SINGAPORE (Apr 30): Top Global reversed into the red in the first quarter, reporting a loss of $203,000 compared to earnings of $327,000.
Revenue in 1Q18 rose 35% to $34.2 million from a year ago mainly due to higher revenue from sale of development properties from Braddell and Bartley projects by $7.8 million and an increase in hospitality revenue by $1.6 million, mainly due to the acquisition of 5Footway group.
